by Mark J. Markus | Jul 19, 2020 | Bankruptcy Law, chapter 13, chapter 7, credit card debt, Filing Bankruptcy
In an article titled “Millennials get woke to economic woes” Dave Lee of The Los Angeles Times examines how the COVID-19 pandemic is hitting Millennials particularly hard, economically. The pandemic tends to affect those of older generations more harshly....
by Mark J. Markus | Jun 8, 2020 | Bankruptcy Law, business/corporate, chapter 11, chapter 13, chapter 7
The COVID-19 pandemic is wreaking havoc on small businesses. “Mom and Pop” stores and other small businesses are the most affected and least likely to survive the downturn in business. Employees are being laid off, businesses are closing, and vendors of ...
by Mark J. Markus | Apr 16, 2020 | automatic stay, Bankruptcy Law, chapter 11, chapter 13, chapter 7, Miscellaneous
Stimulus Check Payments Are Not Protected From Creditors We all anxiously await the first round of Stimulus Check payments from the government. But Congress did not protect these funds from collections by Creditors. Therefore, if a creditor (someone to whom you owe...
by Mark J. Markus | Mar 15, 2020 | Bankruptcy Law, chapter 13, chapter 7
Debt Caused By The Coronavirus We are living through some truly bizarre times. The latest Coronavirus, named “Covid-19” has halted businesses, entertainment, social events, and caused the stock market to tumble. The medical impact of this virus is being...
by Mark J. Markus | Feb 17, 2020 | Bankruptcy Law, chapter 13, chapter 7, Discharge Issues
According to recent studies, medical bills are the major cause of individual bankruptcy filings in America. In an article written by Lorie Konish for CNBC.COM summarizing recent studies, two-thirds of people who file for bankruptcy cite medical issues as a key...
by Mark J. Markus | Jan 5, 2020 | Bankruptcy Law, chapter 11, chapter 13, chapter 7
What exactly is bankruptcy? People often refer to having no money as “being bankrupt”. But that is not bankruptcy. Bankruptcy is a set of laws designed for individuals and businesses (and also railroads and cities) who are unable to pay all their debts...
